2003 540i/M package/6 speed priced too high?

epmadison · 11-24-2015, 01:59 PM

93,500 miles and is black on black. The car has all the options, except GPS, available for that year including Winter package and M-package. Rear tires have about 3,000 miles but the front will need to be replaced. Michelin Pilot Super Sport.
2nd owner. All the maintenance records available since the 1st owner. All maintenance is up to date. Clutch replaced about 10.000 miles ago and brakes about 2.000 miles. A/C ice cold.
Listed for $15,000 but was quickly talked down to $12,500. Even that seems too high because it has so many miles, but I know 6 speeds are more in demand. I'm thinking of submitting my best and final offer at $10,500.

What does everyone else think? Would be my daily, but my commute is only 10 miles round trip.

Ghetto2315 · 11-29-2015, 08:42 AM

If it's immaculate with nothing else needed to be done and no leaks with a clean carfax, I wouldn't pay more than $10K. Heck, $10K is retail for a dealer. Private party is more like $8K but I would gladly pay more for a clean car that is well maintained and no accidents.

Three Pedal Steve · 12-22-2015, 02:32 PM

My 2000 e39 540i Sport had 284,000 miles when I let it go. It was the greatest car I have ever owned but spouse insisted on something newer. It took a v-8 M3 to even come close.
I would say don't let the mileage bother you, just plan (and budget) on replacing components as they wear out. Find a local BMW specialist to help stay out in front of failures.

cooticooti16 · 01-02-2016, 10:58 PM

Agreed. I bought an incredibly clean 2003 M5 for $11,000 with 114,000 miles.

If the 540i is in excellent condition, I'd make an offer of $9,000.

R.

exylyr · 04-09-2016, 10:00 AM

Is this still available, and can you post pictures?

mpathic · 01-06-2017, 04:03 AM

Based on my recent 5 series search, that's a ripoff price, shouldn't go for more than $5 - 7k even in the SF Bay area. Just said goodby to the E39's and bought an E60 530 6 speed for $6k in prime condition at 100k miles, with dynamic swaybars and active steering. After many miles in an E39 525iT, my current experiences in an E60 makes me think that anyone who spends big for an E39 is nuts. The E60 with 6 speed manual is way undervalued for the amazing car that you get for your money vs both E39 and E9x.

11-24-2015, 01:59 PM	#1
epmadison Registered 4 Rep 3 Posts Drives: 2003 540i M sport - looking Join Date: Nov 2015 Location: sacramento, ca iTrader: (0)	2003 540i/M package/6 speed priced too high? 93,500 miles and is black on black. The car has all the options, except GPS, available for that year including Winter package and M-package. Rear tires have about 3,000 miles but the front will need to be replaced. Michelin Pilot Super Sport. 2nd owner. All the maintenance records available since the 1st owner. All maintenance is up to date. Clutch replaced about 10.000 miles ago and brakes about 2.000 miles. A/C ice cold. Listed for $15,000 but was quickly talked down to $12,500. Even that seems too high because it has so many miles, but I know 6 speeds are more in demand. I'm thinking of submitting my best and final offer at $10,500. What does everyone else think? Would be my daily, but my commute is only 10 miles round trip.
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11-29-2015, 08:42 AM	#2
Ghetto2315 Colonel 832 Rep 2,351 Posts Drives: 16' BMW i8 Join Date: Feb 2012 Location: The REAL Jersey Shore iTrader: (1) Garage List 2001 BMW M3 E46 CON ... [9.50] 2016 BMW i8 [10.00] 2003 JEEP GRAND CHE ... [0.00] 2000 540i SPORT E39 [10.00] 2007 TOYOTA TACOMA ... [0.00]	If it's immaculate with nothing else needed to be done and no leaks with a clean carfax, I wouldn't pay more than $10K. Heck, $10K is retail for a dealer. Private party is more like $8K but I would gladly pay more for a clean car that is well maintained and no accidents.
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12-22-2015, 02:32 PM	#3
Three Pedal Steve Captain 907 Rep 619 Posts Drives: 2013 M3 coupe' 6mt Join Date: Apr 2013 Location: Under a Waterfall in Highlands NC iTrader: (0) Garage List 2013 BMW M3 Coupe [0.00]	My 2000 e39 540i Sport had 284,000 miles when I let it go. It was the greatest car I have ever owned but spouse insisted on something newer. It took a v-8 M3 to even come close. I would say don't let the mileage bother you, just plan (and budget) on replacing components as they wear out. Find a local BMW specialist to help stay out in front of failures. __________________ memories: '71 2002 (new), '72 Bavaria, '74 2002tii, '00 540i Sport
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01-02-2016, 10:58 PM	#4
cooticooti16 Private First Class 44 Rep 168 Posts Drives: Lexus Join Date: Apr 2015 Location: Central NJ iTrader: (0)	Agreed. I bought an incredibly clean 2003 M5 for $11,000 with 114,000 miles. If the 540i is in excellent condition, I'd make an offer of $9,000. R.
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04-09-2016, 10:00 AM	#5
exylyr Private 4 Rep 82 Posts Drives: 2012 550i xDrive Join Date: Nov 2013 Location: Chicago iTrader: (0)	Is this still available, and can you post pictures?
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01-06-2017, 04:03 AM	#6
mpathic First Lieutenant 38 Rep 310 Posts Drives: Z4 MCoupe,3.0Si R,E61 535xiT Join Date: Oct 2014 Location: California iTrader: (0)	Based on my recent 5 series search, that's a ripoff price, shouldn't go for more than $5 - 7k even in the SF Bay area. Just said goodby to the E39's and bought an E60 530 6 speed for $6k in prime condition at 100k miles, with dynamic swaybars and active steering. After many miles in an E39 525iT, my current experiences in an E60 makes me think that anyone who spends big for an E39 is nuts. The E60 with 6 speed manual is way undervalued for the amazing car that you get for your money vs both E39 and E9x. __________________ And you may ask yourself, "Where is that large automobile?"
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